Consolidated Woodjam Copper Proposed Private Placementadmin
Vancouver, BC, December 11, 2013 – Consolidated Woodjam Copper Corp. ("Woodjam Copper") (TSX-V: WCC) has entered into non-brokered private placement agreements, subject to regulatory approval, for the sale of 2,240,000 units at a price of $0.05 per unit (each unit comprising one non-flow-through common share and one warrant for the purchase of one additional common share at a price of $0.07 per share for a term of five years from the date of closing of the private placement).
Total gross proceeds of the offering will be $112,000.
The company shall pay no fees or commissions on behalf of the placement.
The proceeds of the offering shall be applied to administration costs since all exploration costs for the Woodjam property are currently being funded by a subsidiary of Gold Fields Limited (JSE, NYSE, NASDAQ, Dubai – Symbol: GFI).
This offering is subject to approval of the TSX Venture Exchange.
On behalf of the board of directors of Consolidated Woodjam Copper Corp.;
Donald D. Sharp
Donald D. Sharp, C.A.
Director & CFO
Consolidated Woodjam Copper Corp.
Contact: Paul Way, Business Development Manager
Toll Free: 888-656-6611
About Consolidated Woodjam Copper Corporation
Consolidated Woodjam Copper Corp. ("Woodjam Copper") (TSX-V: WCC) trades on the TSX-V exchange and currently owns a 49% interest in the Woodjam North and Woodjam South properties which are under option to Gold Fields who own a 51% interest and may earn a further 19% to total a 70% interest in the properties. In 2012, Woodjam Copper published an initial Southeast Zone NI 43-101 compliant inferred resource of 146.5 million tons grading 0.33% copper (pit constrained). This resource was updated as of May 15, 2013 to 227.5 Mt grading 0.31% copper. Visit the Company’s website at: http://www.woodjamcopper.com
Posted: December 11th, 2013 under ACCESSWIRE.